India Post's Q1FY27 turnover crosses Rs 4,000 crore; up 22.2% YoY
New Delhi, July 14
India Post's Q1FY27 turnover rose 22.2 per cent year-on-year to a record Rs 4,008 crore, the first time Q1 turnover has crossed the Rs 4,000-crore mark, Union Communications Minister Jyotiraditya Scindia said on Tuesday.
Addressing a press conference, Scindia said India Post's turnover increased from Rs 3,280 crore in the corresponding quarter of FY26.
"This quarter, I am very glad to report to you that total turnover compared to quarter 1 of FY25-26 has grown by 22.2%. Last year, Quarter 1 was Rs 3,280 crore. This year, Quarter 1 is Rs 4,008 crore. This is the first time in the history of India Post that Quarter 1 turnover has hit Rs 4,000 crore and above," he said.
"Generally, Q4 has been a high revenue quarter, but this is the first time that first quarter of a financial year we have hit above Rs 4,000 crore of turnover," he added.
The minister highlighted strong growth across multiple business verticals during the quarter. Parcel services recorded a 50 per cent growth, while mail services expanded 42 per cent. INGB services grew 34.3 per cent despite operational challenges, Citizen Centric Services surged 86 per cent, the Post Office Savings Bank business increased 9.7 per cent, and Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) registered a 20.1 per cent growth.
"This is the first time in India Post's history that we are growing in double digits. General growth trends at India Post have been in the range of 1 to 2.5 per cent per annum. Last year we grew by close to about 20 per cent," he noted.
Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) registered 20.1 per cent growth, with revenue increasing from Rs 348 crore to Rs 419 crore.
"PLI and RPLI, last year Rs 348 crores, this year, quarter one, Rs 419 crores, growth of Rs 70 crores at 20.1%. So the average growth, as I said to you, is 22.2%, which is probably the first time in the history of India Post in terms of results," he noted.
Expenditure Coverage Ratio (ECR) improved significantly during the quarter, rising 400 basis points including pension liabilities and 600 basis points excluding pension liabilities.
— ANI
Reader Comments
Impressive numbers, especially the 86% jump in Citizen Centric Services. India Post is finally leveraging its vast network for e-governance. But hope this growth is sustainable and not just a one-time spike. Sustainability matters!
Finally, some good news from the public sector! The parcel service 50% growth shows people trust India Post more now. But please improve tracking systems - still lags behind private players. Still, proud moment 🇮🇳
22.2% growth in Q1 is phenomenal. The PLI-RPLI 20% growth shows rural India is waking up to insurance. But the real test will be in Q2 and Q3 when private competition ramps up during festive season. Abhi toh party shuru hui hai! 🎉
Historic milestone. As someone who still uses post offices for savings and insurance, this is reassuring. The 600 bps improvement in ECR (excluding pensions) shows better operational efficiency. But government should reduce pension burden for even better results.
Impressive turnaround for a legacy institution. The 42% growth in mail services is surprising given email dominance. Guess physical communication still matters in India. Good to see government enterprises performing well.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.